The ES is down tonight...AGAIN!

Looks like we are in for another one of those days.

 

Down .18%

 

The ES is down only 2.75.

Over the last 5 trading days the ES has had a trading range of 30.75.

Over the last 10 trading days the ES has had a trading range of 37.50.

The market has thus gone nowhere for 2 weeks, so do you think that on Monday we will actually have a day that does go somewhere?

 

Id prefer if we were down around 5-10 handles by morning.

Increases the odds of a good gap fill rally that is actually tradeable.

 

i thought the exchange was down

guess thats all thats bothering me!

 

I was right!

 

What positions do you have on to capitalize on this overnight gap down?

 

He didn't have a position.

I'm sitting here waiting to see if we get any buyers off 1352.50 to scalp a couple longs.

But really, were most likely heading for 1334 before any real rally and playing bounces in a market falling like a rock is going to be tricky.

 

Markets are looking to retest recent 4/10 lows.

Dow and Russell are close. Nasdaq and DAX have broken through.

Definitely bearish.